60% Premium charge
On the first day of trading on 22nd October 2010 Betfair shares closed at 1550p. At the time of writing this post the shares are trading at 627p or down nearly 60% from that closing high. How ironic!
I don’t want to feed that hand that bites me, to reverse the common metaphor. So, for me at least, action speak louder than words. Whether volume decreases or increases on the Betfair exchange, why will be the most pressing question. Volume will increase on Betdaq for sure. With all the risk and effort I take, I can’t operate at 60%’; as can’t many others who have contacted me. But, there are plenty that still have some way to go to be charged at this level, so I look forward to helping those Bet Angel users get there as fast as possible!
I’ll post some more thoughts in the coming days and report back on the markets as well.
Category: Betfair
